Romania, European growth champion in 2013

Even if we are still far from the growth levels reached before the 2008 crisis, Romania has achieved in 2013 a 3.5% GDP growth rate which makes it growth leader amongst the 28 EU countries. The growth rate even reached annually 5% on last 2013 term. Agriculture, with an exceptional agricultural year, and export, which...

Cluj-Napoca – second largest city of Romania

According to preliminary 2012 census data, it appears that the city of Cluj-Napoca became the second city in Romania by its population, so the main provincial town. It has just over 300,000 permanent residents, excluding (many) students, and outside peripheral agglomerations that have experienced high population growth over recent years....

Romania – new negotiations with the IMF

Romania does not need the last part (one billion €uro) from the running funding plan granted by UE, IMF, Wold Bank and ERDB. Simultaneously, beginning of negotiations for a new, “precautionary” agreement of two years, intended to sustain the current process of reform. This agreement amounts to five billion €uro ( 3.6 supplied by IMF...

Agreement between Romania and the IMF

General agreement between Romania and IMF : Romania will become (as a safeguard in case of difficulties) cheap loans of above € 20 Bn, mainly from the IMF, but also from UE, World Bank and EBRD. The condition is a lower public deficit, on which government has been working for several month already, and to...

Romania GDP – real growth rate

Growth figures for third trimester; on the last 12 month, Romanian GDP grew by 9,1 % (9,3 at the end of second trimester). This is the first effect of international crisis. Even if since year 2000 Romania experienced a very strong growth ( clearly above 5 % in average) the last achievements are really outstanding,...

Romania – economy increase, 6 % for the GDP

Still a strong growth, 6 % for the GDP, unemployment decreased at a mere 4,1 % and inflation, boosted by the international context, peaked to 6,6 %. Investments rose by 29 % in one year !...